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Topic: Miscellaneous
Number of pages / Number of words: 2 / 368
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Michael Porter provided a framework that models an industry as being influenced by five forces. The strategic business manager seeking to develop an edge over rival firms can use this model to better understand the industry context in which the firm operates.

n the traditional economic model, competition among rival firms drives profits to zero...


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Michael Porter provided a framework that models an industry as being influenced by five forces. The strategic business manager seeking to develop an edge over rival firms can use this model to better understand the industry context in which the firm operates.

n the traditional economic model, competition among rival firms drives profits to zero...


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